Power Transformer Market 2025: Trends Shaping the Future of Energy Distribution
The global Power Transformer Market is projected to grow from estimated USD 30.38 billion in 2025 to USD 41.62 billion by 2030, at a CAGR of 6.5% during the forecast period. The growth of the Power Transformer Market is largely driven by the increasing need to reinforce power distribution and transmission infrastructure in response to the rising global demand for electricity. Additionally, the market...
North American Air Circuit Breaker Market Size to Reach $1.08 billion by 2030
The North American Air Circuit Breaker Market is projected to grow from estimated USD 0.82 billion in 2025 to USD 1.08 billion by 2030, at a CAGR of 5.7% during the forecast period. The North American Air Circuit Breaker (ACB) Market is likely to continue experiencing steady growth up to 2030, driven by growing investments in grid modernization, industrial automation, and renewable energy infrastructure...
Engines Market will surge to $477.89 Billion by 2029
The global engines market is projected to reach USD 477.89 billion by 2029 from an estimated USD 377.24 billion in 2024, at a CAGR of 4.8% during the forecast period. The driving factor behind this growth is the growing demand for fuel-efficient and low-emission engines across various end-use industries, such as automotive, marine, power generation, and aviation. Investments in advanced engine technologies,...
Engines Market Share Expected to Reach $477.89 billion by 2029
The global Engines Market is anticipated to grow from estimated USD 377.83 billion in 2024 to USD 477.89 billion by 2029, at a CAGR of 4.8% during the forecast period. The major factors owing to the growth of Engines Market are rising demand for fuel efficient and low emission engines. Engines are machines used in converting fuels into mechanical energy. This helps in major industries such as automotive,...
Power Transformer Market Share Expected to Reach $37.7 Billion by 2029
The global Power Transformer Market Share is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market...
With 5.4% CAGR, Diesel Generator Market to Reach $23.4 Billion by 2029
The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel generators allow...
Global Energy Perspective 2024: High Voltage Power Transformer Outlook
The global High Voltage Power Transformer Market in terms of revenue was estimated to be worth $9.1 billion in 2024 and is poised to reach $12.3 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029 according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity....
With 5.7% CAGR, Protective Relay Market to Reach $3.9 Billion by 2030
The global Protective Relay Market in terms of revenue was estimated to be worth $2.8 billion in 2024 and is poised to reach $3.9 billion by 2030, growing at a CAGR of 5.7% during the forecast period according to a new report by MarketsandMarkets™.
The driving factors for the protective relay market include the growing demand for electricity, the increasing use of renewable energy sources,...
Bifacial Solar Market worth $37.6 Billion by 2029
The global Bifacial Solar Market in terms of revenue was estimated to be worth $18.5 billion in 2024 and is poised to reach $37.6 billion by 2029, growing at a CAGR of 15.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Bifacial Solar Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government...
Power Transformer Market worth $37.7 Billion by 2029
The global Power Transformer Market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands...